Tech Town Odense A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Tech Town Odense A/S
Tech Town Odense A/S (CVR number: 39240793) is a company from ODENSE. The company recorded a gross profit of 7235.8 kDKK in 2024. The operating profit was 18.7 mDKK, while net earnings were 9510 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.1 %, which can be considered good and Return on Equity (ROE) was 12.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 39.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Tech Town Odense A/S's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 259.65 | 3 646.14 | 4 468.19 | 3 490.13 | 7 235.83 |
EBIT | 6 308.52 | 9 710.52 | 9 422.40 | 5 784.76 | 18 692.77 |
Net earnings | 3 936.05 | 6 522.47 | 8 464.79 | 2 504.84 | 9 510.00 |
Shareholders equity total | 33 185.09 | 39 707.55 | 48 172.34 | 45 677.18 | 105 187.18 |
Balance sheet total (assets) | 110 264.41 | 119 406.28 | 131 981.07 | 197 614.51 | 265 915.32 |
Net debt | 67 304.38 | 68 023.55 | 70 115.11 | 120 687.87 | 139 946.95 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.0 % | 8.5 % | 10.0 % | 3.7 % | 8.1 % |
ROE | 12.6 % | 17.9 % | 19.3 % | 5.3 % | 12.6 % |
ROI | 6.2 % | 8.5 % | 10.1 % | 3.9 % | 8.4 % |
Economic value added (EVA) | 1 627.64 | 3 718.13 | 2 564.41 | -1 282.26 | 8 953.27 |
Solvency | |||||
Equity ratio | 30.1 % | 33.3 % | 36.5 % | 23.1 % | 39.6 % |
Gearing | 202.8 % | 171.3 % | 145.6 % | 264.2 % | 133.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.0 | 0.0 | 1.2 | 0.1 | 0.0 |
Current ratio | 0.0 | 0.0 | 1.2 | 0.1 | 0.0 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | A | A |
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